A book packed with insight and inspiration from two successful entrepreneurs.



A fresh take on entrepreneurial endeavors and a love letter to small businesses everywhere.

Entrepreneurship is not for everyone. But at a time when increasing numbers of workers are reconsidering where they fit in light of the “Great Resignation,” straight talk and advice from anyone who has “been there” is a welcome addition. Using the story of the three businesses that they ran—consulting, bottled water, fintech payment service—Abrams and her business partner, Hodgson, blend their personal narratives with hard facts and lessons to create an easily digestible how-to for running a business. Readers learn about such principles as the Three C’s of Growth (“Consumers + Commerce = Capital) and how that growth can be stymied by not having an adequate plan in place. The end of each chapter contains “Level Up Lessons,” which sum up the key findings and emphasize concepts the authors believe are particularly important, making the narrative accessible to any reader looking for business advice. The authors could have easily taken the safe route by simply sharing the story of how one thing led to another with their businesses or providing a straightforward, chronological account of their success. Instead, they dig deeper and offer candid exploration of nearly every aspect of their businesses, including good, bad, and occasionally devastating outcomes. Throughout, the authors open up in an appealing way, owning up to their mistakes, and they directly address many currently accepted principles that work against small-business owners—e.g., the difficulty gaining access to capital. They also show us how to manage unexpected changes in partnerships, which they navigated during Abrams’ political rise. “With Stacey’s responsibilities at the Capitol heating up,” writes Hodgson, “we approached this new phase of our partnership and personal goals with the same discipline and efficiency we always did. We had a frank discussion about how her expertise served the new company.”

A book packed with insight and inspiration from two successful entrepreneurs.

Pub Date: Feb. 22, 2022

ISBN: 978-0-593-53982-8

Page Count: 240

Publisher: Portfolio

Review Posted Online: Jan. 18, 2022

Kirkus Reviews Issue: Feb. 15, 2022

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Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...


A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 4, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.


“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.

It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

Pub Date: Nov. 12, 2019

ISBN: 978-1-61039-950-0

Page Count: 432

Publisher: PublicAffairs

Review Posted Online: Aug. 29, 2019

Kirkus Reviews Issue: Sept. 15, 2019

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